Markets :: Basic Chemicals :: Petrochemicals :: Styrene
Kraton Halves Polymer Output
2:11 PM MST | January 13, 2009
Kraton Polymers says it will suspend about 50% of its global styrenic block copolymer (SBC) production to improve cash flow. Kraton says the affected sites are in Europe and the U.S., but it did not list the specific locations. “Given the rapid and unprecedented deflation in prices for petrochemical-based feedstocks, the impact of such deflation on our current inventory values, and a general destocking occurring in most of the downstream value chains we serve, we have decided to take these actions to diligently manage our cash flow,” says Kraton COO...
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